XRPNewATH
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XRP aims for $3.50 after correcting downtrend
After hitting a six-year high of $2.9 on December 3, XRP has been consolidating. The cryptocurrency has failed to rise, and latest research suggests a sinking channel. The daily chart of XRP shows a corrective slump in a descending channel, according to TradingView. With price goals around its all-time high, XRP is poised to recover.
Key Support Levels and Corrective Downtrend
TradingView shows XRP in a corrective slump since December 3. The coin hit $2.9 on Binance but was rejected and fell to $2.25 before finishing at $2.5. XRP then produced two more daily negative candles, signaling a bearish trend.
The token briefly rebounded but was rejected again. The alternating upward and downward movements created lower highs and lows, typical of a falling channel.
The falling channel represents a price corrective, not a negative trend. The TradingView analysis finds early support around $1.8890 and $1.6, which match the 0.618 and 0.786 Fibonacci retracement levels from the $2.9 high.
If downward pressure continues, the cryptocurrency may stabilize at these levels. A successful defense of these supports might spark a bullish reversal, launching XRP's next upward run. Failure to maintain these levels might boost negative pressure on XRP and bring it down to the main support at $1.5.
XRP Price Rebound And Targets
XRP is projected to confront resistance at $2.8 if it recovers from support zones, signaling the start of its upward trip. A break over $2.8 would launch a run to $3.3450.
XRP is down 0.9% and 2% in the previous 24 hours and 7 days, respectively, at $2.41. Reaching $3.345 is a 39% price increase. This would bring XRP close to its all-time high of $3.4. Bullish momentum needed to achieve $3.345 might send XRP into n
#BTCNewATH #XRPNewATH #XRP $XRP $ETH $BTC
After hitting a six-year high of $2.9 on December 3, XRP has been consolidating. The cryptocurrency has failed to rise, and latest research suggests a sinking channel. The daily chart of XRP shows a corrective slump in a descending channel, according to TradingView. With price goals around its all-time high, XRP is poised to recover.
Key Support Levels and Corrective Downtrend
TradingView shows XRP in a corrective slump since December 3. The coin hit $2.9 on Binance but was rejected and fell to $2.25 before finishing at $2.5. XRP then produced two more daily negative candles, signaling a bearish trend.
The token briefly rebounded but was rejected again. The alternating upward and downward movements created lower highs and lows, typical of a falling channel.
The falling channel represents a price corrective, not a negative trend. The TradingView analysis finds early support around $1.8890 and $1.6, which match the 0.618 and 0.786 Fibonacci retracement levels from the $2.9 high.
If downward pressure continues, the cryptocurrency may stabilize at these levels. A successful defense of these supports might spark a bullish reversal, launching XRP's next upward run. Failure to maintain these levels might boost negative pressure on XRP and bring it down to the main support at $1.5.
XRP Price Rebound And Targets
XRP is projected to confront resistance at $2.8 if it recovers from support zones, signaling the start of its upward trip. A break over $2.8 would launch a run to $3.3450.
XRP is down 0.9% and 2% in the previous 24 hours and 7 days, respectively, at $2.41. Reaching $3.345 is a 39% price increase. This would bring XRP close to its all-time high of $3.4. Bullish momentum needed to achieve $3.345 might send XRP into n
#BTCNewATH #XRPNewATH #XRP $XRP $ETH $BTC
Ripple launches RLUSD, XRP hits $4.75 high
RLUSD will debut on Tuesday, according to Ripple.
RLUSD will launch on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx.
If volume remains over $2.58 and $2.92 resistance levels, XRP might reach $4.75, a new high.
Tuesday will see the introduction of Ripple's RLUSD stablecoin on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx, according to a press statement on Monday. XRP may surpass $2.58 and $2.92 resistance levels due to launch optimism.
Ripple's USD-backed stablecoin, RLUSD, will debut internationally on Tuesday after regulatory permission.
On December 10, Ripple got clearance from the New York Department of Financial Services (NYDFS) to launch the stablecoin, which the crypto community had expected on December 4.
Ripple called RLUSD a "enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core."
RLUSD will launch on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEX. The startup plans to launch the stablecoin on Bullish, Bitstamp, Mercado Bitcoin, and others in the next weeks.
Ripple wants to commence cross-border payments for consumers early next year using the stablecoin.
First, on-chain users may utilize RLUSD on the XRP Ledger and Ethereum Mainnet over DeFi protocols.
Ripple said that an independent auditing company would confirm RLUSD's reserve assets regularly for transparency.
After weekend increase, Ripple's XRP confirms bullish flag pattern.
Coinglass data shows $18.62 million in liquidations in the previous 24 hours, lifting XRP 1%. Long trades were liquidated for $10.14 million and short holdings for $8.48 million.
Weekend breakthrough above the remittance-based token's falling trendline confirmed a bullish flag pattern. After rebounding from the 23.6% Fibonacci Retracement level, XRP tested $2.58 resistance on Monday.
The pole's length suggests XRP might reach and $2.92 barriers might propel the surge to $4.75.
#XRP #BTCNewATHAgain #XRPNewATH #MarketNewHype $XRP
$ETH
$BTC
RLUSD will debut on Tuesday, according to Ripple.
RLUSD will launch on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx.
If volume remains over $2.58 and $2.92 resistance levels, XRP might reach $4.75, a new high.
Tuesday will see the introduction of Ripple's RLUSD stablecoin on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx, according to a press statement on Monday. XRP may surpass $2.58 and $2.92 resistance levels due to launch optimism.
Ripple's USD-backed stablecoin, RLUSD, will debut internationally on Tuesday after regulatory permission.
On December 10, Ripple got clearance from the New York Department of Financial Services (NYDFS) to launch the stablecoin, which the crypto community had expected on December 4.
Ripple called RLUSD a "enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core."
RLUSD will launch on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEX. The startup plans to launch the stablecoin on Bullish, Bitstamp, Mercado Bitcoin, and others in the next weeks.
Ripple wants to commence cross-border payments for consumers early next year using the stablecoin.
First, on-chain users may utilize RLUSD on the XRP Ledger and Ethereum Mainnet over DeFi protocols.
Ripple said that an independent auditing company would confirm RLUSD's reserve assets regularly for transparency.
After weekend increase, Ripple's XRP confirms bullish flag pattern.
Coinglass data shows $18.62 million in liquidations in the previous 24 hours, lifting XRP 1%. Long trades were liquidated for $10.14 million and short holdings for $8.48 million.
Weekend breakthrough above the remittance-based token's falling trendline confirmed a bullish flag pattern. After rebounding from the 23.6% Fibonacci Retracement level, XRP tested $2.58 resistance on Monday.
The pole's length suggests XRP might reach and $2.92 barriers might propel the surge to $4.75.
#XRP #BTCNewATHAgain #XRPNewATH #MarketNewHype $XRP
$ETH
$BTC
Ripple launches RLUSD, XRP hits $4.75 high
RLUSD will debut on Tuesday, according to Ripple.
RLUSD will launch on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx.
If volume remains over $2.58 and $2.92 resistance levels, XRP might reach $4.75, a new high.
Tuesday will see the introduction of Ripple's RLUSD stablecoin on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx, according to a press statement on Monday. XRP may surpass $2.58 and $2.92 resistance levels due to launch optimism.
Ripple's USD-backed stablecoin, RLUSD, will debut internationally on Tuesday after regulatory permission.
On December 10, Ripple got clearance from the New York Department of Financial Services (NYDFS) to launch the stablecoin, which the crypto community had expected on December 4.
Ripple called RLUSD a "enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core."
RLUSD will launch on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEX. The startup plans to launch the stablecoin on Bullish, Bitstamp, Mercado Bitcoin, and others in the next weeks.
Ripple wants to commence cross-border payments for consumers early next year using the stablecoin.
First, on-chain users may utilize RLUSD on the XRP Ledger and Ethereum Mainnet over DeFi protocols.
Ripple said that an independent auditing company would confirm RLUSD's reserve assets regularly for transparency.
After weekend increase, Ripple's XRP confirms bullish flag pattern.
Coinglass data shows $18.62 million in liquidations in the previous 24 hours, lifting XRP 1%. Long trades were liquidated for $10.14 million and short holdings for $8.48 million.
Weekend breakthrough above the remittance-based token's falling trendline confirmed a bullish flag pattern. After rebounding from the 23.6% Fibonacci Retracement level, XRP tested $2.58 resistance on Monday.
The pole's length suggests XRP might reach $4.75, a new high. A large volume move over $2.58 and $2.92 barriers might propel the surge to $4.75.
#XRP #BTCNewATHAgain #XRPNewATH #MarketNewHype $XRP $ETH $BTC
RLUSD will debut on Tuesday, according to Ripple.
RLUSD will launch on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx.
If volume remains over $2.58 and $2.92 resistance levels, XRP might reach $4.75, a new high.
Tuesday will see the introduction of Ripple's RLUSD stablecoin on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEx, according to a press statement on Monday. XRP may surpass $2.58 and $2.92 resistance levels due to launch optimism.
Ripple's USD-backed stablecoin, RLUSD, will debut internationally on Tuesday after regulatory permission.
On December 10, Ripple got clearance from the New York Department of Financial Services (NYDFS) to launch the stablecoin, which the crypto community had expected on December 4.
Ripple called RLUSD a "enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core."
RLUSD will launch on MoonPay, Uphold, CoinMENA, Bitso, and ArchaxEX. The startup plans to launch the stablecoin on Bullish, Bitstamp, Mercado Bitcoin, and others in the next weeks.
Ripple wants to commence cross-border payments for consumers early next year using the stablecoin.
First, on-chain users may utilize RLUSD on the XRP Ledger and Ethereum Mainnet over DeFi protocols.
Ripple said that an independent auditing company would confirm RLUSD's reserve assets regularly for transparency.
After weekend increase, Ripple's XRP confirms bullish flag pattern.
Coinglass data shows $18.62 million in liquidations in the previous 24 hours, lifting XRP 1%. Long trades were liquidated for $10.14 million and short holdings for $8.48 million.
Weekend breakthrough above the remittance-based token's falling trendline confirmed a bullish flag pattern. After rebounding from the 23.6% Fibonacci Retracement level, XRP tested $2.58 resistance on Monday.
The pole's length suggests XRP might reach $4.75, a new high. A large volume move over $2.58 and $2.92 barriers might propel the surge to $4.75.
#XRP #BTCNewATHAgain #XRPNewATH #MarketNewHype $XRP $ETH $BTC
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